Lloyds Bank, Halifax and Bank of Scotland increase interest rates on savings accounts

The increases come days after the Bank of England increased the base rate by 0.25 percentage points to 5.25 per cent.

The base rate, which has now been increased 14 consecutive times, is at the highest level in 15 years.

Full list of Halifax interest rate rises

Halifax will increase the Everyday Saver and ISA Saver Variable on balances from £1 to £9,999 by 30 basis points to 1.45 per cent.

Account – Rate (increase)

• Everyday Saver & ISA Saver Variable (balances from £1- £9999) - 1.45% (+30bps)
• Everyday Saver & ISA Saver Variable (balances from £10,000-£49,999) - 1.50% (+25bps)
• Everyday Saver & ISA Saver Variable (balances of £50,000 or more) - 1.80% (+15bps)
• Help to Buy ISA (balances from £1- £12,000) - 2.90% (+15bps)
• Help to Buy ISA (balances of more than £12,000) - 1.45% (+30bps)
• Junior Cash ISA - 3.65% (+15bps)
• Kids Saver (balances from £1- £5,000) - 3.40% (15bps)
• Kids Saver (balances of more than £5,000) - 1.45% (+30bps)
• Money Smart (balances from £1-£1,000) - 3.40% (+15bps)
• Money Smart (balances of more than £1,000) - 1.45% (+15bps)

Full list of Lloyds Bank interest rate rises

Lloyds Bank will increase the Easy Saver and Cash ISA Saver by 30 basis points to 1.40 per cent, on balances from £1 to £24,999.

Account – Rate (increase)

• Easy Saver and Cash ISA Saver (balances from £1-£24,999) - 1.40% (+30bps)
• Easy Saver and Cash ISA Saver (balances from £25,000-£99,999) - 1.45% (+10bps)
• Easy Saver and Cash ISA Saver (balances of £100,000 or more) - 1.90% (+10bps)
• Help to Buy ISA (balances from £1-£12,000) - 2.90% (+15bps)
• Help to Buy ISA (balances of more than £12,000) - 1.40% (+30bps)
• Junior Cash ISA - 3.15% (+15bps)
• Childrens Saver (balances from £1- £5,000) - 3.15% (15bps)
• Childrens Saver (balances of more than £5,000) - 1.40% (+30bps)
• Smart Start (balances from £1-£1,000) - 3.15% (+15bps)
• Smart Start (balances of more than £1,000) - 1.4% (+15bps)
• Club Lloyds Saver (balances from £1-£24,999) * - 1.70% (+20bps)
• Club Lloyds Saver (balances from £25,000-£99,999) * 1.75% (+0bps)
• Club Lloyds Saver (balances of £100,000 or more) * - 2.20% (+0bps)

*Requires Club Lloyds account

LATEST DEVELOPMENTS:

• Coventry Building Society increases interest rates
• Yorkshire Building Society increases interest rates on savings accounts
• Nationwide Building Society increases interest rates on 10 savings accounts

Full list of Bank of Scotland interest rate rises

The Bank of Scotland is increasing the Access Saver and Access Cash ISA rate by 30 basis points to 1.45 per cent on balances from £1 to £9,999.

Account – Rate (increase)

• Access Saver & Access Cash ISA (balances from £1- £9,999) - 1.45% (+30bps)
• Access Saver & Access Cash ISA (balances from £10,000- £49,999) - 1.50% (+25bps)
• Access Saver & Access Cash ISA (balances of £50,000 or more) - 1.80% (+15bps)
• Help to Buy ISA (balances from £1- £12,000) - 2.90% (+15bps)
• Help to Buy ISA (balances of more than £12,000) - 1.45% (+30bps)
• Junior Cash ISA - 3.15% (+15bps)
• Childrens Saver (balances from £1-£5,000) - 3.15% (15bps)
• Childrens Saver (balances of more than £5,000) - 1.45% (+30bps)
• Smart Start (balances from £1-£1,000) - 3.15% (+15bps)
• Smart Start (balances of more than £1,000) - 1.45% (+15bps)